industry

Polls take a toll on Carlsberg’s volume growth in January-June


“We continue to see very appealing long term opportunities in India but at the same time, we need to manage the short term volatility and general risk of doing business in India.”

Aug 17, 2019, 06.35 AM IST

BCCL

Carlsberg
Sales of India’s overall beer segment grew 5% in April-June quarter, according to GlobalData, a UKbased research firm, from 7% a year earlier.
Bengaluru: Danish brewer Carlsberg’s volume growth fell sharply from a stronger base in the sixmonths ended June due to election-related disruptions. The maker of the eponymous brand and Tuborg said it posted double digit revenue growth but volume grew by a modest just 5%.

“As expected, growth was low in Q2 as compared to Q1, due to dry days in connection with the elections. Revenue growth was double digit supported by price increases and lower rebates,” Heine Dalsgaard, chief financial officer at Carlsberg, said after declaring half yearly earnings.

“We continue to see very appealing long term opportunities in India but at the same time, we need to manage the short term volatility and general risk of doing business in India.”

Sales of India’s overall beer segment grew 5% in April-June quarter, according to GlobalData, a UKbased research firm, from 7% a year earlier.

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